How to avoid credit card late fees Written by Geoff WilliamsLate fees are coming back. That is, five of the nation's top six credit card issuers recently released their late payment data for the month of September, and late fees were on the rise. It's the biggest jump in late fee payments since February 2009, according to the Associated Press.
It may be troubling data, since [...]
Durbin takes effect Oct. 1. Should you care? Written by Geoff WilliamsCome the first of October, you'll probably think a lot of things, like, "Great, my mortgage/rent is due," or, "Geez, it's October already?" It might hit you that it's almost Halloween, or maybe if you live in a part of the country where the tree foliage gets spectacular during the fall, you might be thinking [...]
Late fees are down: the sequel Written by Geoff WilliamsWow, we haven't seen late fees this few and far between since 1994.
That's right, for those who crave good news about our economy, here's some: Late payments to credit cards are down to their lowest levels in the last 17 years.
That's according to TransUnion, the credit reporting agency, which came out with the news this [...]
Happy days are here again - or are they? Written by Geoff WilliamsMore good news concerning credit cards and the economy as of late. There have been fewer late fees and fewer defaults on credit cards.
When it comes to the nation's fiscal health, credit cards are the canary in the coal mine. As you probably know, in the old days, coal miners literally used canaries--they'd bring them [...]
Fighting unwanted credit card charges… from your credit card issuer Written by Curtis ArnoldLori Swanson must wonder if "Peggy" is secretly working for Discover Card, after all. As Minnesota's Attorney General, Swanson holds companies accountable to state consumer protection laws. After hearing about heavy-handed sales tactics used to sign customers up for monthly-billed service plans, Swanson filed a lawsuit to warn consumers about [...]
Five Reasons NOT to Break Up with Your Backstabbing Credit Card Issuer Written by Joe TaylorIf you're like me, my wife, and most of the credit card users in the United States, you received a little note from your lender in 2009 outlining "simple changes" to your card's terms and conditions. At my house, our lenders' contract adjustments included:
1. Hiking the interest rate on one card to 33% 2. Dropping the [...]
Re-thinking Credit Card Choices Written by Mike KillianExceptional times often require exceptional measures to deal with events. No one doubts or questions the seriousness of our economy. Consumers are cutting spending and shedding debt whenever and wherever possible. The commercial market place is affected by this trend. What does this mean for consumers in return? What credit cards should they be considering? [...]
Getting Dinged with a $250 Credit Card Credit Limit Increase Fee! Written by Curtis Arnold
Not too long ago, one of my CardRatings.com colleagues came home to find an offer from Best Buy in her mailbox. It was for a MasterCard that came with some nice perks:An introductory APR of 0% – good for a yearFour percent back on Best Buy purchasesA minimum of 1% back elsewhereTwo percent back during [...]